Deals
Aon Weighs All-Share Bid for $24 Billion Rival Willis Towers
- Willis Towers shares reach all-time high after earlier report
- Aon is said to prepare to submit a bid in the coming weeks
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Aon Plc is considering a combination with rival insurance brokerage Willis Towers Watson Plc, in what could be the industry’s largest ever merger.
Aon is in the early stages of exploring an all-share tie-up with Willis Towers, it said in a statement Tuesday after Bloomberg earlier reported the potential plans. The companies have held preliminary talks and Aon is preparing to submit a bid in the coming weeks, people familiar with the matter said, asking not to be identified as the details aren’t public.